Lebanon's economy will fall back into recession as tourism is hit by the Palestinian-Israeli conflict, the World Bank said Tuesday.
Before October this year, the World Bank predicted that Lebanon's economy would grow by 0.2 percent in 2023, the country's first economic growth since 2018. However, since the outbreak of the current round of Israeli-Palestinian conflict on October 7, there have been frequent exchanges of fire along Lebanon's southern border, and more than half of Lebanon's winter travel orders have been canceled after economic growth plummeted.
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